India’s infrastructure boom: roads and renewables surge

The infrastructure development landscape in India is poised for acceleration, with a projected 25% increase in road construction and a 33% rise in renewable energy projects over the next two years. This growth is being driven by companies capitalising on asset monetisation opportunities and reducing their leverage ratios, according to the assessment of credit rating agency Crisil.

Crisil predicts that road construction projects are set to reach up to 13,000 kilometres annually, a notable increase from the current 10,000 kilometres. The driving force behind this expansion is the Hybrid Annuity Model (HAM), which was introduced in 2016. This model has mitigated completion risks associated with road projects, thereby encouraging companies to actively bid for such projects.

https://www.constructionworld.in/policy-updates-and-economic-news/india-s-infrastructure-boom–roads-and-renewables-surge/43872

Source : Construction World

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